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2024-10-25 23:20:38
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Summary of NAACP launches $200 million fund of funds



The source article:
NAACP launches $200 million fund of funds


The NAACP announced today NAACP Capital, a $200 million fund of funds to back fund managers focused on issues that impact people of color.  The fund was conceived in partnership with Kapor Capital and Kapor Center, along with nine other venture fund managers. Last year, Crunchbase found that Black founders raised less than 1% of […] © 2024 TechCrunch. All rights reserved. For personal use only.

https://techcrunch.com/2024/10/25/naacp-launches-200-million-fund-of-funds/

The NAACP has launched NAACP Capital, a $200 million fund of funds, in partnership with Kapor Capital and Kapor Center, to support fund managers focused on issues that impact people of color. The fund aims to address the lack of diversity in venture capital and provide opportunities for Black founders.
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